I am grateful to my hon. Friend. To be clear on what is already in place, firms are required to treat their customers fairly and to act in their client’s best interests. The FCA has on-going work looking at annuity sales through its thematic review and its retirement income market study. It is not a static situation. The FCA is looking closely at what happens when people buy retirement products and, through that work, at providers’ behaviour in that area, which continues to be a priority as the market develops. Again, we clearly have structures in place for April, but it will be an on-going regulatory process that the FCA will continue to be involved in.